Capital Allowances


Did you know that you could claim tax relief on your commercial property purchase?

Capital Allowances are a valuable form of tax relief and are available where a person incurs capital expenditure, usually through refurbishing, building or more commonly known when buying commercial property.

This Government Legislation has been available for over 100 years!

It is the right of the commercial property owner to identify and claim upon any available Capital Allowances hidden within their commercial property, the owner loses that right when they sell. An average claim for Capital Allowances can equate to 25% of the property purchase price.

It is a Chartered Surveyor who can appropriately identify and individually value the qualifying fixtures and fittings hidden inside a commercial property, reasoning why most accountants rarely provide this service as an 'in house' operation.

Roger Hannah & Co can prepare the required Plant Site and Bare Site Survey Reports that identifie:

A - Bare Land Value

B - Reconstruction Cost without the inclusion of (C)

C - Itemised Valuation of qualifying Fixtures & Fittings

The values identified in these individual reports, are now qualified to be placed in the HMRC calculation matrix, resulting in a comprehensive and maximised Capital Allowances Valuation Report (CAVR).

Why should I choose Roger Hannah & Co?

  1. Specialist accountancy and surveying professions = maximum benefit.
  2. Confidence of an HMRC compliant claim.
  3. Free feasibility study.
  4. No upfront charges.
  5. If no claim is identified then no charge.

 

Capital Allowances can only be claimed once in the history of the building!

Am I eligible? - Advice for solicitors, accountants and commercial property owners.

Our aim is to identify and maximise your entitled tax relief available to you via your commercial property, property portfolio, refurbishment or new build project.

Does the last Government update on 1st April 2014 affect me? ...YES!

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Capital Allowances Explained

Click here to download our Capital Allowances brochure

Latest Case studies

£255K identified at a (historic) New Build Office Park » 2nd June 2016

Our client instructed Roger Hannah & Co to identify the level of Capital Allowances available to him, on an Office Park site that he built Pre 2008 and still owns as a trading asset today.

Capital Allowances Identified on Dental Practice » 10th May 2016

71.2% of the Purchase Price identified as Capital Allowances.

£1,195,000 - Small Industrial Park » 14th July 2015

These brief details outline a recent case study whereby we were instructed to identify Capital Allowances on behalf of a small Industrial Park.

Latest News

Capital Allowances Timeline » 20th September 2016

1878- The origin of the current capital allowance regime was a wear and tear deduction, based on the actual reduction in the value of Plant or Machinery (P&M). The rules have been rewritten many times since then....

Out of Time! » 18th August 2016

If you've purchased or sold a commercial property in 2014 between April to August and you had not identified, pooled and fixed the available Capital Allowances, then the ability for you to do so now and receive the financial benefit is lost forever. You are now out of time!

Annual Investment Allowance is reduced on 1st January 2016 to £200k » 26th January 2016

You can deduct the full value of an item that qualifies for annual investment allowance (AIA) from your profits before tax

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